CESifo Working Paper Series

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1391: Sustainability and Determinants of Italian Public Deficits before and after Maastricht

Emma Galli and Fabio Padovano

1390: Skill Policies for Scotland

James Heckman and Dimitriy V. Masterov

1389: Improving the SGP: Taxes and Delegation rather than Fines

Assar Lindbeck and Dirk Niepelt

1388: Managing Debt Stability

Emanuele Bacchiocchi and Alessandro Missale

1387: Expected Closeness or Mobilisation: Why Do Voters Go to the Polls? Empirical Results for Switzerland, 1981 – 1999

Gebhard Kirchgässner and Tobias Schulz

1386: Testing Sustainability of German Fiscal Policy. Evidence for the Period 1960 – 2003

Alfred Greiner, Uwe Koeller and Willi Semmler

1385: Optimal R&D Investment Strategies with Quantity Competition under the Threat of Superior Entry

Ruslan Lukach, Peter Kort and Joseph Plasmans

1384: Optimal Harvesting under Resource Stock and Price Uncertainty

Luis Alvarez and Erkki Koskela

1383: Unequal Opportunities and Human Capital Formation

Daniel Mejia and Marc St-Pierre

1382: Optimal Illusions and Decisions under Risk

Christian Gollier

1381: On the Redistributive Properties of Presumptive Taxation

Alessandro Balestrino and Umberto Galmarini

1380: Bank Loan Supply and Monetary Policy Transmission in Germany: An Assessment Based on Matching Impulse Responses

Oliver Hülsewig, Eric Mayer and Timo Wollmershäuser

1379: Yes, Managers Should Be Paid Like Bureaucrats

Bruno Frey and Margit Osterloh

1378: Demographics and the Political Sustainability of Pay-as-you-go Social Security

Ted Bergstrom and John L. Hartman

1377: Progressive Taxation and Irreversible Investment under Uncertainty

Luis Alvarez and Erkki Koskela

1376: Macroeconomic Stabilization Policies in the EMU: Spillovers, Asymmetries, and Institutions

Giovanni Di Bartolomeo, Jacob Engwerda, Joseph Plasmans, Bas van Aarle, Tomasz Michalak and Bas Van Aarle

1375: The Consumption-Based Determinants of the Term Structure of Discount Rates

Christian Gollier

1374: Location Choice and Employment Decisions: A Comparison of German and Swedish Multinationals

Sascha Becker, Karolina Ekholm, Robert Jaeckle, Marc-Andreas Muendler and Sascha O. Becker

1373: Umbrella Branding and the Provision of Quality

Hendrik Hakenes and Martin Peitz

1372: Post-Thatcher Fiscal Strategies in the U.K.: An Interpretation

Andrew Hughes Hallett

1371: Macroeconomic Effects of Social Security Privatization in a Small Unionized Economy

Antonis Adam

1370: Designing Benefit Rules for Flexible Retirement with or without Redistribution

Andras Simonovits

1369: Public Education in an Integrated Europe: Studying to Migrate and Teaching to Stay?

Panu Poutvaara

1368: Noncooperative Support of Public Norm Enforcement in Large Societies

Josef Falkinger

1367: EU Enlargement, Migration and the New Constitution

Hans-Werner Sinn

1366: Tax Credits, Source Rules, Trade and Electronic Commerce: Behavioral Margins and the Design of International Tax Systems

Harry Grubert

1365: Anti-Dumping, Intra-Industry Trade and Quality Reversals

Jose Moraga-Gonzalez and Jean-Marie Viaene

1364: Measuring Strategic Uncertainty in Coordination Games

Frank Heinemann, Rosemarie Nagel and Peter Ockenfels

1363: Optimal Debt and Equilibrium Exchange Rates in a Stochastic Environment: an Overview

Jerome Stein

1362: Quality of Institutions, Credit Markets and Bankruptcy

Christa Hainz

1361: A Risk Allocation Approach to Optimal Exchange Rate Policy

Gabriela Mundaca and Jon Strand

1360: The Role of Higher Education Institutions: Recruitment of Elites and Economic Growth

Elise Brezis and François Crouzet

1359: Optimal Growth and Impatience: A Phase Diagram Analysis

Fwu-Ranq Chang

1358: Model Averaging and Value-at-Risk Based Evaluation of Large Multi Asset Volatility Models for Risk Management

Mohammad Pesaran and Paolo Zaffaroni

1357: Significance and Determination of Fees for Municipal Finance

Peter Friedrich, Anita Dehne, Chang Woon Nam and Anita Kaltschuetz

1356: Dumping in Developing and Transition Economies

Jose Moraga-Gonzalez and Jean-Marie Viaene

1355: Taxes and the Financial Structure of German Inward FDI

Fred Ramb, Alfons J. Weichenrieder and Alfons Weichenrieder

1354: Fiscal and Monetary Interaction: The Role of Asymmetries of the Stability and Growth Pact in EMU

Matteo Governatori and Sylvester Eijffinger

1353: Optimal Degree of Public Information Dissemination

Camille Cornand and Frank Heinemann

1352: The Value of Non-Binding Announcements in Public Goods Experiments: Some Theory and Experimental Evidence

Michael Berlemann, Marcus Dittrich and Gunther Markwardt

1351: Public-Good Valuation and Intrafamily Allocation

Jon Strand

1350: Piracy and Competition

Paul Belleflamme and Pierre Picard

1349: Outsourcing and Trade in a Spatial World

Hartmut Egger and Peter Egger

1348: Exchange Rates and Markov Switching Dynamics

Yin-Wong Cheung and Ulf Erlandsson

1347: The Inter-Institutional Distribution of Power in EU Codecision

Stefan Napel and Mika Widgrén

1346: Contests with Size Effects

Wolfgang Eggert and Martin Kolmar

1345: Two-Sided Markets and Electronic Intermediaries

Bruno Jullien

1344: How Should Large and Small Countries Be Represented in a Currency Union?

Helge Berger and Till Mueller

1343: Equilibrium Unemployment and Capital Intensity Under Product and Labor Market Imperfections

Heikki Kauppi, Erkki Koskela and Rune Stenbacka

1342: A Backward Looking Measure of the Effective Marginal Tax Burden on Investment

Johannes Becker and Clemens Fuest

1341: Calculating Tragedy: Assessing the Costs of Terrorism

Bruno Frey, Simon Luechinger and Alois Stutzer

1340: Combining Dutch Presumptive Capital Income Tax and US Qualified Intermediaries to Set Forth a New System of International Savings Taxation

Marcel Gerard

1339: Political Economy of Commuting Subsidies

Rainald Borck and Matthias Wrede

1338: Fiscal Stabilisation and EMU

Robert Woods

1337: How Changes in Financial Incentives Affect the Duration of Unemployment

Rafael Lalive, Jan C. van Ours, Josef Zweimüller and Jan C. van Ours

1336: Antitrust Analysis of Tying Arrangements

Jay Choi

1335: Why Does Educational Attainment Differ Across U.S. States?

Lutz Hendricks

1333: An Economist’s Guide to Digital Music

Martin Peitz and Patrick Waelbroeck

1332: A Note on Costly Sequential Search and Oligopoly Pricing (new title: Truly Costly Sequential Search and Oligopolistic Pricing,)

Maarten C. W. Janssen, José Luis Moraga Gonzales and Matthijs Wildenbeest

1331: Estimation and Inference in Large Heterogeneous Panels with a Multifactor Error Structure

Mohammad Pesaran

1330: The Effect Heterogeneity of Central Exams: Evidence from TIMSS, TIMSS-Repeat and PISA

Ludger Woessmann

1329: Macroeconomic Sources of Risk in the Term Structure

Hiona Balfoussia, Michael Wickens and Michael R. Wickens

1328: The Impact of Newspapers on Consumer Confidence: Does Spin Bias Exist?

Karel-Jan Alsem, Steven Brakman, Lex Hoogduin and Gerard Kuper

1327: Asymmetric Monetary Transmission in EMU: The Robustness of VAR Conclusions and Cecchetti’s Legal Family Theory

Adam Elbourne, Jakob de Haan and Jakob de Haan

1326: Fertility, Mortality, and the Developed World’s Demographic Transition

Hans Fehr, Sabine Jokisch and Laurence Kotlikoff

1325: Partnership Dissolution, Complementarity, and Investment Incentives

Jianpei Li and Elmar Wolfstetter

1324: Will Stability Last?

William Martin and Robert Rowthorn

1323: Redistribution and Occupational Choice in a Schumpeterian Growth Model

Jean-Francois Wen and Cecilia Garcia-Penalosa

1322: Managerial Hedging and Portfolio Monitoring

Alberto Bisin, Piero Gottardi and Adriano Rampini

1321: Computers and Student Learning: Bivariate and Multivariate Evidence on the Availability and Use of Computers at Home and at School

Thomas Fuchs and Ludger Woessmann

1320: Workings of the Melting Pot: Social Networks and the Evolution of Population Attributes

Jan Brueckner and Oleg Smirnov

1319: Long-Run Selection and the Work Ethic

Jens Josephson and Karl Wärneryd

1318: Monopoly, Inequality and Redistribution via the Public Provision of Private Goods

Margarita Katsimi and Thomas Moutos

1317: Network Markets and Consumer Coordination

Attila Ambrus and Rossella Argenziano

1316: Incentives and Anonymity Principle: Crowding Out Toward Users

Patricia Crifo and Jean-Louis Rullière

1315: Immediate Demand Reduction in Simultaneous Ascending Bid Auctions (new title: Immediate demand reduction in simultaneous ascending-bid auctions: a uniqueness result)

Frank Riedel and Elmar Wolfstetter

1314: A Survey of the Economic Role of Software Platforms in Computer-Based Industries

David Evans, Andrei Hagiu and Richard Schmalensee

1313: Income Segregation and Local Progressive Taxation: Empirical Evidence from Switzerland

Kurt Schmidheiny

1312: EU Merger Control in Differentiated Product Industries

Franco Mariuzzo, Patrick Walsh and Ciara Whelan

1311: Efficiency Effects of Tax Deductions for Work-Related Expenses

Wolfram Richter

1310: Consumption and Keynesian Fiscal Policy

Alfredo Schclarek and Alfredo Schclarek Curutchet

1309: Educational Reform and Disadvantaged Students: Are They Better Off or Worse Off?

John Bishop and Ferran Mane

1308: A Pair-Wise Approach to Testing for Output and Growth Convergence

Mohammad Pesaran

1307: Earlier or Later: A General Equilibrium Analysis of Bringing Forward an Already Announced Tax Reform

Josef Honerkamp, Stefan Moog and Bernd Raffelhüschen

1306: Antitrust Perspectives for Durable-Goods Markets

Michael Waldman

1305: Fiscal Federalism, Fiscal Consolidations and Cuts in Central Government Grants: Evidence from an Event Study

Julia Darby, Vito Muscatelli and Graeme Roy

1304: Strategic Wage Setting and Coordination Frictions with Multiple Applications

Pieter Gautier and Jose Moraga-Gonzalez

1303: Disaster Insurance or a Disastrous Insurance – Natural Disaster Insurance in France

Mario Jametti and Thomas von Ungern-Sternberg

1302: The Use and Abuse of Trust: Social Capital and its Deployment by Early Modern Guilds

Sheilagh Ogilvie

1301: Who Makes the Rules of Globalization?

Alan Deardorff

1300: Market Power and Information Revelation in Dynamic Trading

Piero Gottardi and Roberto Serrano

1299: Institutions and Technological Innovation During Early Economic Growth: Evidence from the Great Inventors of the United States, 1790 – 1930

B. Zorina Khan and Kenneth Sokoloff

1298: Reciprocity and Emotions: Arousal, Self-Reports, and Expectations

Gershon Ben-Shakhar, Gary Bornstein, Astrid Hopfensitz and Frans van Winden

1297: An Empirical Analysis of Bundling and Tying: Over-the-Counter Pain Relief and Cold Medicines

David Evans and Michael Salinger

1296: Teacher Quality and Incentives: Theoretical and Empirical Effects of Standards on Teacher Quality

Hendrik Jürges, Wolfram Richter and Kerstin Schneider

1295: The Existence of Informationally Efficient Markets When Individuals Are Rational

Marc-Andreas Muendler

1294: Do Large Cabinets Favor Large Governments? Evidence from Swiss Sub-Federal Jurisdictions

Christoph Schaltegger and Lars Feld

1293: The Political Economy of Corruption and the Role of Financial Institutions

Kira Boerner and Christa Hainz

1292: Consumer Search and Oligopolistic Pricing: An Empirical Investigation

Maarten C. W. Janssen, Jose Moraga-Gonzalez and Matthijs Wildenbeest

1291: Non-Welfarist Optimal Taxation and Behavioral Public Economics

Ravi Kanbur, Jukka Pirttilä and Matti Tuomala